Crypto reserves
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X @Cointelegraph
Cointelegraph· 2025-10-28 21:30
🇫🇷 JUST IN: French lawmakers to review motion to ban CBDCs and promote Bitcoin, stablecoins, and national crypto reserves.Could France become Europe’s next crypto hub? https://t.co/AbzP2HAtZQ ...
X @BSCN
BSCN· 2025-10-15 13:00
Potential Bitcoin Reserve Increase - US government could add $14 billion in Bitcoin to national reserves following a major criminal indictment [1] - The seized Bitcoin, worth $14.4 billion, is already in US government custody [2] - If forfeiture is approved, the total Bitcoin reserve could climb to roughly 325,000 BTC, valued near $36 billion at current prices [3] Case Details - The Department of Justice (DOJ) filed a forfeiture complaint against 127,271 BTC tied to Chen Zhi, founder of Cambodia-based Prince Holding Group [1] - Zhi allegedly ran "pig butchering" investment scams that defrauded victims worldwide [1] - Zhi faces charges of wire fraud and money laundering conspiracy, with proceeds allegedly spent on luxury assets [2] Strategic Implications - This potential addition would mark one of the biggest inflows into the US crypto reserves since their creation in March under President Donald Trump's executive order [2] - The current reserve is estimated to hold around 198,000 BTC (≈ $22 billion) [3] - Washington is exploring other ways to grow its digital holdings, including swapping part of the US gold reserves for Bitcoin and budget-neutral purchases of BTC using existing federal assets [3][4]
X @BSCN
BSCN· 2025-10-15 04:52
US GOVERNMENT COULD ADD $14B IN BITCOIN TO NATIONAL RESERVES- A U.S. federal court has unsealed a major criminal indictment that could add $14 billion in Bitcoin to the government’s crypto reserves.- The Department of Justice (DOJ) filed a forfeiture complaint against 127,271 BTC tied to Chen Zhi, founder of Cambodia-based Prince Holding Group.- Zhi allegedly ran massive “pig butchering” investment scams that defrauded victims worldwide.- According to court filings, the seized Bitcoin, worth $14.4 billion, ...